Vancouver, BC – TheNewswire – March 15, 2022– Stellar AfricaGold Inc.(TSXV:SPX), (OTC: STLXF), (ESF:6YP1) (“Stellar” or the “Company”) is pleased to announce:

Tichka Est, Morocco Update on the progress of the construction of the access road

Stellar is pleased to report that 2,850 meters of the 7.5 km access road to the Tichka East Gold Project has been completed to date and construction is proceeding without any impediments. The 7.5 kilometer heavy equipment road is a critical piece of infrastructure to provide access to drill rigs for Stellar’s planned 2022 drill programs in Zones A and B, and for other mechanized exploration in the entire area of ​​the Tichka Est project.

Figure 1 Tichka East Access Road – Progress as of March 13, 2022*

* Yellow Line – Completed since construction began
Blue line – Completed in the last week

Tichka East access road under construction

The road, which when completed will stretch 7.5 kilometers along steep mountainous terrain to the A and B mineralized zones, will open the Tichka East gold project for drilling and for additional mechanized surface exploration.

At Tichka East, three gold mineralized zones have been idenfied to date, zones A, B and C, with visually mapped structures having a combined total strike length of over 2,200 yards. Trenches in area B dosed as high as 3.40 g/t Au finished 20 meters including intervals of 5.23 g/t Above 11 meters and 8.14 g/t Above 5 meters; 4.64 g/t Above 14 meters including 11.16 g/t Above 5 meters; 3.4g/t Above 17 meters including 9.55 g/t Above 4 meters and 4.55 g/t Above 15 meters including an intern 7.47 g/t Above 6.0 meters while the trenches of zone A tested 3.36 g/t Above 10 meters including an interval of 8.73 g/t Above 3.0 meters and trenches in zone C dosed up to 5.81 g/t Au finished 4 meters (See the press releases of April 21 and October 25, 2021 and February 21, 2022).

Grants of stock options

The Company granted 1,250,000 incentive stock options to directors and officers of the Company to replace an equivalent number of options that expired during the previous quarter, and 500,000 stock options actions to consultants. The options are exercisable at a price of $0.05 per share and are granted pursuant to the Company’s approved stock option plan.

About Stellar AfricaGold Inc.

Stellar AfricaGold Inc. is a Canadian precious metals exploration company listed on the TSX Venture Exchange, symbol TSX.V: SPXthe OTCQB® OTCQB venture capital market symbol: STLXF and the Frankfurt Stock Exchange FSE: 6YP1.

The Company has offices in Vancouver, British Columbia and Montreal, Quebec, and has a representative office in Casablanca, Morocco.

Stellar’s main exploration project is its discovery of gold at the Tichka Est gold project in Morocco, a cluster of seven permits covering an area of ​​82 km2. The Tichka Est property is located within the top Western area of ​​the Atlas about 80 km SSW of the city of Marrakech. The area is accessible year round by road to the village of Analghi located near the gold mineralized zone. Stellar also owns the Namarana gold project in Mali and three permits pending in Ivory Coast.

The technical content of this press release has been reviewed and approved by Mr. Yassine Belkabir MScDIC, CEng, MIMMM, a Director of Stellar and a Qualified Person as defined in NI 43-101.

President of Stellar J. François Lalonde can be reached at 514-994-0654 or by email at This email address is protected from spam. You need JavaScript enabled to view it..

Additional information is available on the Company’s website at www.stellarafricagold.com.

On behalf of the board

J. Francois Lalonde

J. Francois Lalonde

President and CEO

This release contains certain “forward-looking information” under applicable Canadian securities laws regarding the Arrangement. Forward-looking information reflects the Company’s current internal expectations or beliefs and is based on information currently available to the Company. In some instances, forward-looking information may be identified by terms such as “may”, “shall”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believes”, “estimates”, “projects”, “potential”, “planned”, “forecast”, “budget” or the negative form of these terms or any other comparable terminology. Many of these assumptions are based on factors and events that are not within the Company’s control, and there can be no assurance that they will prove to be true or correct. Risk factors that could cause actual results to differ materially from those anticipated herein include, but are not limited to: that the remaining conditions of the Arrangement will not be satisfied; that the Company’s business prospects and opportunities will not unfold as expected; changes in world prices for gold or certain other raw materials (such as diesel, aluminum and electricity); changes in US dollar and other currency exchange rates, interest rates or gold lease rates; the risks associated with holding derivative instruments; the level of liquidity and capital resources; access to capital markets, financing and interest rates; mining tax regimes; ability to successfully integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company operates; operational or technical difficulties related to mining or development activities; laws and regulations governing the protection of the environment; employee relations; the availability and increasing costs associated with mining inputs and labor; the speculative nature of exploration and development; disputes over title deeds, in particular unbuilt title deeds; and risks related to exploration, development and mining activities. The risks and unknowns inherent in all projects include the inaccuracy of estimated reserves and resources, metallurgical recoveries, capital and operating costs of such projects and future prices of relevant minerals.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



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